Question
Jill is the sponsoring broker of Gary a licensed salesperson. Gary listed property owned by Dennis and put a sign on the property with Jill's
Jill is the sponsoring broker of Gary a licensed salesperson.
Gary listed property owned by Dennis and put a sign on the property with Jill's firm's real estate office number.
Kera called Gary to inquire about buying the property.
Q1: Dennis agreed to a listing price of $130,000. While Dennis was out of town Gary received an offer to buy for the full listing price.
Can Gary bind Dennis to the earnest money contract? Explain.
Q2: Kera made an offer of $35,000 below the $130,000 listing price. Gary discovered that she had made similar offers on three other houses that week.
What should Gary do regarding the offer?
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